MA 5,10,50 with Price Action (1st Week November)

Check List Fulfilled

MA5,10,20,50
MACD
Price Action
Trend Line (Up Trend/Down Trend)
Chart Pattern
Stop Loss/Take Profit
Support Resistance

Check List Fullfilled?
Go For IT :)

MA 5,10,50 with Price Action

MA5, MA10,MA50
MACD
Price Action (Break Resistence) BUY
Stop Loss at Previous Low

Bank Negara Malaysia 25 June 2010

http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=2076

Ref No: 06/10/10

Embargo: Not for publication or broadcast before 1700 hours on Friday, 25 June 2010

Foreign Electronic Brokers Allowed to Offer Electronic Broking Platforms in the Malaysian Foreign Exchange Market

Bank Negara Malaysia wishes to announce that foreign electronic brokers would be allowed to offer electronic broking platforms for wholesale interbank trading in the Malaysian foreign exchange market with effect from 1 July 2010.

This initiative is aimed towards enhancing the participation of new players in the foreign exchange market to further increase the dynamism and competitiveness of this market. This flexibility will promote greater trading activities as electronic broking platform increases transparency, improves market efficiency and lowers transaction costs for the market participants.

Foreign electronic brokers who are interested to provide such service in Malaysia may submit the application to Bank Negara Malaysia in accordance with the requirements of the Banking and Financial Institutions Act 1989.

In assessing the merits of such application, the following criteria will be adopted:

(i)The applicant must comply with the local incorporation requirement;
(ii) The applicant must have a sound track record internationally;
(iii) The applicant must have a feasible business proposition to contribute to the development of the foreign exchange market in Malaysia; and
(iv) The applicant must have system capability and infrastructure to support its business, including to address contingency and disaster recovery procedures.

Further details or application shall be directed to:

Director
Financial Sector Development Department
Bank Negara Malaysia
Jalan Dato' Onn
50480 Kuala Lumpur
Tel: 603 - 26919885 or 603-26907593
Fax: 603 - 26913661
Email: feb@bnm.gov.my

Bank Negara Malaysia
25 June 2010

© Bank Negara Malaysia, 2010. All rights reserved.

MONEY MANAGEMENT

Money Management

Put two rookie traders in front of the screen, provide them with your best high-probability set-up, and for good measure, have each one take the opposite side of the trade. More than likely, both will wind up losing money. However, if you take two pros and have them trade in the opposite direction of each other, quite frequently both traders will wind up making money - despite the seeming contradiction of the premise. What's the difference? What is the most important factor separating the seasoned traders from the amateurs? The answer is money management.
Like dieting and working out, money management is something that most traders pay lip service to, but few practice in real life. The reason is simple: just like eating healthy and staying fit, money management can seem like a burdensome, unpleasant activity. It forces traders to constantly monitor their positions and to take necessary losses, and few people like to do that. However, as Figure 1 proves, loss-taking is crucial to long-term trading success.

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EUJweathGate is a very first leading retail foreign exchange agent that we provide professional marketing and management support to help you. Welcome to the EUJwealthGate family, let us build a strong long-term relations with a common goal: achieve profit growth! Some advantages of joining are:

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Price Action

Trading Price Action

The concept of trading price action, for our trading method, is the right side trading of prices that have previously been established from chart reading previous price action areas that preceded breakout continuation price moves.

Price Action Area


The rectangle area is what I refer to as a price action area. A price action area is the area preceding where an 'extended' price move occurs - often from some consolidation period like in this case.

In the case of this price action area rectangle, there was a left side sell swing that consolidated between the swing low AND resistance, which was where the sell swing last broke at the yellow circle.

I want to now try to identify the prices specifically [price specifics] related to the price action that occurred - which was a hold of resistance AND an eventual breakout out of consolidation, and resumed the left side sell swing.

Our concept of trading price action 'says' that these same prices will again be relevant when there is a move back to this same area.


Refer From : http://tradingpriceaction.com/